Page 7 - Fmcg Companies

ITC Q4 results: Net profit down 1.06% to Rs 5,121 cr, revenue increases

The heavy-lifting cigarettes segment clocked a 7.5 per cent Y-o-Y growth in revenue at Rs 8,688.92 crore in Q4 FY24

From HUL to Britannia, FMCG companies continue to lag India Inc peers

A reversal in the fortunes of FMCG companies is, however, yet to reflect in their financial performance

FMCG companies move fast on volume growth while rural beats urban

FMCG companies are also looking at increasing advertising spends in order to grow their brands

FMCG industry sees 6.5% growth; rural demand surpasses urban: NielsenIQ

The Indian FMCG industry experienced a 6.5 per cent growth in volume terms at a national level in the January-March period of 2024, with rural consumption surpassing urban for the first time in five quarters, according to consumer intelligence firm NielsenIQ. Both food and non-food sectors contributed to the growth in consumption in the first quarter of 2024, but non-food saw almost double the growth as compared to food, NielsenIQ (NIQ) said in its quarterly snapshot for Q1 2024. The FMCG industry has experienced a 6.6 per cent growth in value, attributed to a 6.5 per cent increase in volume at an all-India level. The volume growth for this quarter was higher than Q1 2023, which stood at 3.1 per cent, it added. NIQ Head of Customer Success India, Roosevelt Dsouza said, "The FMCG industry's growth continues to be driven by consumption trends in Q12024 with rural areas surpassing urban growth for the first time in five quarters." Notably, Dsouza said home and personal care (HPC) ...

New plastic management rules will impact FMCG companies: Analysts

India is the third-largest plastic producer globally. While these new norms will put India ahead in the global league, they will also impact packaging costs for consumer companies

In 3 years, we want to reach 1 million direct outlets: Adani Wilmar MD

After announcing its March-quarter results, Angshu Mallick, managing director and chief executive officer, and Shrikant Kanhere, chief financial officer, spoke in an exclusive interview

Nestle India to focus on driving volume growth going forward: CMD Narayanan

FMCG Major Nestle India will focus on volume growth going forward, in a market which is "still impacted by inflation", to be in the top quartile performance, company Chairman and Managing Director Suresh Narayanan said on Monday. The company, which will open the first boutique of its Nespresso premium range offering coffee and machines later this year in Delhi, is aiming for premium products, including those of health science, to account for 20 per cent of its sales in the long term. Nestle India is also looking to increase its total touchpoints to 60 lakh across the country in the next 4-5 years, up from 51 lakh at present, Narayanan said while speaking to reporters here. "The future of consumer goods companies will rest on their capability to penetrate more households, with more products for more occasions and usage," he said, while stressing on the need to shore up volume. Nestle India's objective is clearly to accelerate volume growth, he said adding the company had "a volume .

Hindustan Unilever eyes growth in beauty segment amid market expansion

HUL will focus on face cleansing, sun care, light moisture, serums, body care, and masstige skincare

Tata Consumer Products: Focusing on performance of growth businesses key

After the acquisition of Capital Foods and Organic India, Tata Consumer needs to derive synergies, expand distribution, and increase throughput per store

FSSAI to probe composition of Nestle's Cerelac baby cereals sold in India

The Consumer Affairs Ministry on Friday said it has asked the food safety regulator FSSAI to investigate the composition of Nestle's Cerelac baby cereals sold in India, amid a global report that claimed the company was adding higher sugar content in the product. According to findings by Swiss NGO, Public Eye and International Baby Food Action Network (IBFAN), Nestle sold baby products with higher sugar content in less developed South Asian countries including India, Africa and Latin American nations as compared to markets in Europe. "We have written to the FSSAI to take cognizance of the report on Nestle's baby product," Consumer Affairs Secretary and Central Consumer Protection Authority (CCPA) chief Nidhi Khare told PTI. In the letter written to FSSAI, Khare said it has come to the notice of the Department of Consumer Affairs through various news articles regarding the practices of Nestle company in India, particularly concerning the composition of the Nestle Cerelac cereals. As

We are optimistic about India story, says ITC's Director Hemant Malik

Irrespective of whether we experience tailwinds or headwinds, the market opportunities for our various food categories in India are very large, says Hemant Malik, executive director of ITC

Colgate's outperformance depends on volume recovery, premiumisation

The stock has risen by around 36 per cent in the last six months

FMCG companies to face Q4 volume pressure amid sluggish rural demand

Analysts say rural demand stagnates while urban areas drive low to mid-single-digit volume growth, posing challenges for the sector

J&J can contest evidence linking its talc to ovarian cancer, says US judge

Shipp took over the case in February 2023, after the retirement of former Chief District Judge Freda Wolfson, who had overseen the litigation since 2016

HUL to decarbonise its supply chain by 2039, use 100% green energy by 2030

HUL has signed MoU with BP and Jio-BP to use BIO-CNG for its trucks. Emissions from BIO-CNG are about 70 per cent less than those from fossil fuels

P&G India appoints Kumar Venkatasubramanian as CEO effective May 1

Current CEO LV Vaidyanathan resigns after 28 years at P&G

BAT likely to sell 3.5% stake in ITC for Rs 17K crore on Wednesday

British firm will use the proceeds of block trades to buy back own shares

FMCG sector to see subdued growth till Sept quarter of 2024: Kantar report

The fast-moving consumer goods sector will have a "subdued" growth till September quarter in 2024 due to factors including an uncertain outlook for the agricultural sector, said a report from data, insights, and consulting firm Kantar. The agricultural sector has uncertainty and the upcoming general elections would not surge the consumption of FMCG (fast-moving consumer goods) products, according to Kantar Worldpanel's FMCG pulse report. But it expects growth to get "progressively" better after September, and the year might yet turn good, especially in the second half, helped by good Rabi harvests. Some summer-related categories and even laundry products will help the industry to an extent, however, the growth in these categories combined will have a negligible impact on overall FMCG, it added. "As a result, we do see FMCG growth to be subdued, at least until Q3 of 2024. Keeping in mind the stronger first half of 2023, we may even end up seeing some stagnation in the early part of

Package deal: How FMCG brands are leaving consumers spoilt for choice

The shelves in stores are packed. The options on e-commerce platforms are dizzyingly aplenty. The consumer is spoilt for choice. Which flavour of oats to go for? What packet of chips to pick?

Emami Q3 results: Net profit rises 8.9% to Rs 258.41 cr, revenue up 1.38%

Emami said the third quarter witnessed subdued demand trends, particularly in rural markets